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20121202
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English 73
Search Results 0 to 49 of about 73 (some duplicates have been removed)
CSPAN
Dec 5, 2012 1:00pm EST
the president called his deficit reduction commission to give the president and -- an idea what we could do to get our fiscal house in order. i want to show in you this chart, mr. speaker, it's the chronic deficits we have had in this country, goes back to 1970. all this red ink represents the inflation adjusted, 2012 dollars, comparing apples to apples across this chart, the deficit that is we have had in this country, and you see going back to 197 o 0, mr. speaker, which happens to be the year of my birth, we have run a deficit every single year from 199 . you remember 1998 we had newt gingrich leading the first republican u.s. house of representatives in modern times. bill clinton in the white house. they came together to solve some big problems. welfare reform, health insurance reform. folks forget about health insurance reform. we did away with pre-existing conditions. did away with all of the impediments in the large group markets, what they call the plans, had great success in that area, and finally got back into some positive territory. to be truthful, this assumes that all the fede
CSPAN
Dec 7, 2012 2:00pm EST
deficits for as far as the eye can see. washington has got a spending problem, not a revenue problem. if the president doesn't agree with our proposal, i believe he's got an obligation to families and small businesses to offer a plan of his own, a plan that can pass both chambers of the congress. we're ready and eager to talk to the president about such a plan. >> you did speak with the president earlier this week. can you characterize that call? did he have any kind of count offer and we understand that he is making clear that it's got to be increase rates for the wealthy or no deal. are you willing to give a little bit? >> the phone call was pleasant but was more of the same. the conversations that the staff had yesterday were more of the same. it's time for the president if he's serious to come back to was a count offer. >> the jobs record indicated unemployment is down roughly a full point from this time last year. if no deal happens -- [inaudible] . why take such a risk when the job numbers are improving. >> because increasing tax rates will hit many small businesses that produc
CSPAN
Dec 5, 2012 8:00pm EST
, and he said that it is untanble to not cut them because they are driving the budget deficit, and, you know, the whole entitlement issues, the real core of the problem, the taxing issue, yes, the pyrotechnics, and its -- there's the struggle between the republican and democratic view, but all the numbers people know that it's the entitlement issue so if there's a fix, trajectory to make it somehow stable, that would be -- that's the relation. uh-oh, you have something from the book. >> your books are all ultimately about power, how it's used, squandered, built, and so the sub text of the events that you write about is how life works, how washington works. my favorite sentence in "the price of politics" is, "when you need friends, it's too late to make them." what have you learned about washington and life from the grand bargain? what is the hundred-year lesson from how that unraveled? >> well, you mean last year? what happened last year? well, that they found a way to postpone everything, and, again, they can postpone lots of the problems, but postponement is the theme. the cliche, "ki
CSPAN
Dec 9, 2012 10:30am EST
to hearing today from the experts that we have before us today on how to reduce the deficit while protecting middle income families. as we enter the holiday season, americans should not have to face the uncertainty that many will face with regard to their taxes. there is no reason that middle income families should go into this holiday season without knowing whether their taxes will go up next year. last year, democrats and republicans work together to cut nearly $1 trillion of spending. now we need to continue that bi-partisan work to cut more spending, and to bring in additional revenues. if congress fails to reach an agreement under the budget control act of 2011, $1.2 trillion in automatic spending cuts will take place between 2013 and 2021. republicans and democrats agree that indiscriminate across-the- board cuts is not the right and to do at this time in our nation's history. if we trigger the automatic spending cuts and tax increases, gross margin bottom will fall by half a percentage point. we will reverse the hard-fought gains over the past few years. we cannot afford to go backwar
Current
Dec 3, 2012 6:00am PST
. [ screaming ] oh grover! electric deficit boogaloo. 29 minutes after the hour. right back on "the stephanie miller show." >> wow! i've never seen anything like this. >> when disaster strikes sometimes the only way out is to look within. current tv digs deep into the determination and escape. "trapped" experience the drama. back to back to back. >> hold on mates! >> catch the "trapped" mini-marathon saturday starting at 1 eastern. on current tv. rich, chewy caramel rolled up in smooth milk chocolate. don't forget about that payroll meeting. rolo.get your smooth on. also in minis. get irresistibly clean and fresh carpets in your home with resolve deep clean powder. the moist powder removes three times more dirt than vacuuming alone while neutralizing odors for a clean you can see, smell and really enjoy. don't just vacuum clean. resolve clean. [ singing christmas carols in background ] aunt sally's singing again. it's a tradition honey. [ singing christmas carols ] mmmm. [ female announcer ] make new traditions with pillsbury grands! cinnamon rolls. [ f
Current
Dec 3, 2012 9:00am PST
. tea party 2, the sequel. [ screaming ] oh grover! electric deficit boogaloo. 29 minutes after the hour. right back on "the stephanie miller show." alright, in 15 minutes we're going to do the young turks. i think the number one thing that viewers like about the young turks is that we're honest. they know that i'm not bs'ing them with some hidden agenda, actually supporting one party or the other. when the democrats are wrong, they know that i'm going to be the first one to call them out. they can question whether i'm right, but i think that the audience gets that this guy, to the best of his ability, is trying to look out for us. [ male announcer ] red lobster's crabfest ends soon. hurry in and try five succulent entrees like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. salads, sandwiches, and more. rich, chewy caramel rolled up in smooth milk chocolate. don't forget about that payroll meeting. rolo.get your smooth
MSNBC
Dec 4, 2012 1:00am PST
. the deficit is not the biggest problem in the country. the deficit is shrinking by hundreds of millions of dollars every year the president has been in office. to the extent we need to use debt to accomplish other goals, you may not like the idea in the abstract, but debt is cheaper now than it has been in a long time. focusing on the deficit is like arguing about the color you might paint your car while you're crashing that car into a tree. in washington the republicans are arguing about not a pretend problem but something that's a secondary problem. a problem that has no need to be the one problem we wreck everything else to solve. if you look at the real economy in the real world, outside of t stuff already think we're not growing enough to get back to a healthy economy. they cut the estimate to how much we are growing. people are not making enough money and therefore, not spending enough money and businesses are not hiring enough people. we need to be talking about growth. the problem in the country is an economic growth problem. the deficit, nobody wants there to be a deficit, but
MSNBC
Dec 2, 2012 9:00am PST
is to go over the fiscal cliff. it maximizing the deficit reduction. there's no deal cut between republicans and democrats. it's not going to reduce the amount of money coming out of the deficit by a lot. so if you do that, you go back to the clinton tax rates, cut some defense and we have a short, mild recession for two quarters. we have to get serious about the deficit e. i have no belief that the congress is going to get serious about the deficit. so tom cole was right because he wants to get the republicans back in the mainstream. but the best thing the country could do is go over the cliff. >> timothy geithner doesn't agree with you on that. >> he may or may not. but i looked at this a lot of ways. the people inside washington are awfully smart and awfully out of touch. we need to do something about the deficit. going over the fiscal cliff is the best thing we're going to get out of washington in terms of serious production to the deficit. we will suffer, but we got ourselves into this. we're not going to get out without some pain. i think we are going to go over the cliff.
FOX News
Dec 3, 2012 9:00pm PST
more deficit reduction if we do the fiscal cliff. i think the markets will reward the fiscal cliff over a period. there will be some panic and moaning and groaning, but first of all, the fiscal cliff is not a real cliff. it's a slope. and you're going to get the biggest bank for the buck in terms of deficit reduction. i think the economy can stand it. yes, we will go into two quarters of recession the cbo says, and i believe that. we're in deep trouble here. somebody's going to have to pay the bill. it's going to have to be all of us. >> joining me with more on all of this, patrick j. buick as well as former clinton special counsel davis. the president campaigns on $800 billion in new taxes. he now wants 1.6 trillion. he wants twice the amount, lanny. he wants a blank check and congress to give up its authority as it relates to money and say no, no, let me raise the debt ceiling any time i want. he wants 150 billion in new stimulus but no entitlement cuts at all, no spending cuts at all. now that sounds to me like somebody that's not serious. >> i don't know where to begin to correct so
FOX News
Dec 4, 2012 2:00am PST
denied there is any effect on the deficit at all. durbin said social security hasn't added a dime to the deficit. in 2012 it added $160 billion of debt. that is more than a dime. there are 2.5 trillion in the trust fund in social security that will take care of it for 20 more years, 25 more years. that means pieces of paper in the trust fund where the treasury says we will pay you. it doesn't have the money. it spent surpluss in the past. that's a promise from the treasury which is pank ru bankrupt. that is infection but they know it. the republicans are bad guys these are good guys. surprising to me the president wokd get the revenues he wants from de deductions and exclusions. it is on rates not for economic reasons but political. he wants to break the backs of republicans. it this is a continuation of his campaign he thinks he wants it and now he wants to drive the steak through it. it is all about politics nothing about economics. >> democratic congressman chris van holland appeared on special report. there are cuts to the president's budget but republicans haven't paid attent
MSNBC
Dec 3, 2012 10:00am PST
is that at a minimum, any deficit package has to include this immediate february and march debt ceiling that we're going to hit. >> is jack lew the current chief of staff and former budget director the top candidate to be treasury? what is your best guess? >> he appears to be the frontrunner from everything you see and read and hear and he is a -- i've known him a long time. he's an accomplished guy. he knows these issues perfectly. he has worked in the financial community and has a sense of that and vice versa. and so i think he would be a it terrific choice. >> we should say there are a couple other people who have been rumored to being vetted. roger altman, former treasury official, larry fink, be erskine bowles. this what is alan simpson, erskine bowles' partner in the deficit commission, had to say about that possibility last week on the show. >> he said he would be very pleased to do that. he shared that with me personally, as long as they move the treasury department to north carolina, to charlotte. i don't think -- >> he's worked so hard on this. you don't think he could be persuaded? >
MSNBC
Dec 4, 2012 3:00am PST
overwhelming the deficit story was at that point. you know, you look at that administration. the coming in, just no one thought they could do anything. it's not unlike the conversations we're having now. and they went in, they did the deal, president bush had to shift from read my lips to as only he could put it, read my hips. and it was good for the country, it created a political dynamic that cost president bush the election in 1992, and which we're still living, because that gave us grover norquist, et cetera. >> let's get to grover norquist in a minute, but i do have a question. the gop plan consists of $2.2 trillion in savings over a decade. that includes raging the eligibility age for medicare from 65 to 67. and lowering cost of living increases for social security benefits. they also propose overhauling the tax code to generate $800 billion in new revenue. but without raising taxes on the wealthy. in a letter to the president, leading republicans compared their plan to one erskine bowles drew up last year. >> not even close. >> he rejected that connection and the white house, of cou
CSPAN
Dec 8, 2012 7:00pm EST
control. i show ultimately he controlled inflation by refusing to monetize the budget deficit. the problem began october 79 to drive down inflation from 12% down of 4% by 1982 it was down at 4% but the final victory for interest-rate after congress passed a balanced budget amendment called the gramm-rudman go the proposed draconian cuts in government spending less congress passed a balanced budget. sound familiar? one of the sponsors of the bill said it was a bad idea. yet only after gramm-rudman was passed then it climbed below the 10% level they had remained above the paul volcker first six years at the head of the central bank. what chartered the unprecedented legislation? just before past the late senator john heinz uncovered hidden agenda in the paul volcker plan. this so important i am going to reenact the conversation. ready? >> mr. chairman we have agreed the deficit is bad. but in my experience with congress is anything to go by, there will have to be a crisis to fix it. my question is, a you prepared to bring about the necessary crisis the year continued restrictive monetary poli
CNN
Dec 4, 2012 2:00am PST
that calls for $2.2 trillion in deficit savings. it includes $800 billion in tax reforms, 600 billion in medicare reforms and 600 billion in spending cuts. because it doesn't contain tax hikes for the wealthiest americans or specifics about which loopholes will be eliminated, the president immediately rejected the republican proposal. want to know how far apart democrats and republicans are? listen to this. >> i think we're going over the cliff. >> it's unfortunate the white house has spent three weeks doing basically nothing. >> what we can't do is sit here trying to figure out what works for them. >> the president's idea of negotiation is roll over and do what i ask. >> it's clear to me they made a political calculation. if their ideas are different from ours, we can't guess what they are. >> they need to be more specific. >> some specificity from them. >> he can't be serious. >> haven't even begun to be serious. >> we need to get serious. >> i don't think they're serious. >> i would say we're nowhere. period. we're nowhere. >> hard to disagree with that. we're nowhere. period. >> t
WETA
Dec 6, 2012 12:00pm EST
the campaign which is a balanced responsible approach to deficit reduction that can help give businesses certainty and make sure that the country grows. and unfortunately the speaker's proposal right now is still out of balance. he talks for example about $800 billion worth of revenues but he says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> rose: and here is the president talking about why it's essential for him that there be tax increases for the most wealthy among us. >> i don't think that the issue right now has to do with sitting in a room. the issue right now that's relevant is the acknowledgment that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and further reforms and entitlements that i'm prepared to make, that we're going to have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. >> rose: and the president talking about the link when our economic circumstance and our national security. >> the most important thing we do for n
FOX Business
Dec 2, 2012 1:00am EST
real problem, the growing deficit on the path to greece, the goal gets worse once we kick the can away. that will be the overriding probleming not the slowing economy not people spending money, but sure, that might not happen in the first two months, but it will eventually happen if we keep kicking down the can. we want to prove to the world that we have a solution and if it takes a few months to get there and higher taxes for a while, big deal, we will get there. that's got to be the plan not just the same nonsense. >> yeah, but larry, that's part of your point, but jonas says we're not in a bad recession, we're certainly not in a good recovery. and if we just keep falling little bit by little bit, maybe as much as jump off the cliff, but it's certainly a slippery slope. >> brenda, the damage is already being done. we saw it in november retail sales and companies delaying activity already and we know the ratings agencies are minutes away, we're right to fix the problem in the long run than making a bandaid short-term deal. it doe't get recovery. >> we're going to get a bandaid deal an
FOX News
Dec 4, 2012 6:00am PST
trillion from the deficit saying it doesn't quote meet the test of balance. the gop said the same thing about the white house's opening salvo. the gop says the ball is now in the white house's court. where are we with the dollars here? >> reporter: we have the opening bids from speaker boehner and president obama. the different in dollars. the president wants $800 billion more in tax increases. the republicans want approximately more a trillion dollars more spending cuts. that's the difference between the two sides just in dollar terms. there is a difference between the two sides in terms of principle. the principle centers on higher tax rates, yes or no. speaker boehner many latest offer is raise $800 billion mostly from the wealthy by limiting deductions. the president says, no, don't want that. we want to tax the rich with higher tax rates on the rich. we have a dollar difference, a difference in principle. martha: we are hung up on ideology here. if you can get the money one way and it produces a long lasting change to the tax code which both sides say they want, what seems to be th
FOX News
Dec 8, 2012 3:00pm PST
at that. >> republicans frequently argue it is critical to get a handle on the nation's deficits before the u.s. becomes like greece. there a terrible economy with 26% unemployment, the highest in europe, and almost no job opportunities for young people frequently lead to riots in the streets. now here a leading democrat is suggesting cutting spending too quick -- too quickly is the real problem. >> the community is concerned about all of their as you teary too. there are many things you can do to reduce debt, but still have a a -- an aspect of the economy. >> some say europe's austerity is a drag on economic growth because it relies on taxation while failing to rein in the expansion of government. and that would seem to back up a republican theme in this fiscal cliff argument. >> if we raise taxes on the top two rates which is about a million small businesses who employ 25% of the workforce, it will cost us over 700,000 jobs and reduce economic growth and lower take home pay. that's a bad scenario. >> the lead negotiator on the republican side of the table facing mr. obama says raising
MSNBC
Dec 4, 2012 7:00am PST
balanced approach to the deficit. it does have some revenue in it, even though it's not from tax increases. so what does this opening offer say about where we are in these negotiations? >> well, it seems very difficult to imagine that we're going to be getting to a deal that will handle everything that needs to be addressed before the end of the year. i think the first main thing that needs to be addressed is the question of the tax cuts expiring. and for the obama administration, the question is, is it in their interest to trade tax cuts for the wealthy? increase for the wealthy for raising the age for eligibility for medicare, for example. i'm not sure that that's a trade that they are eager to make immediately. >> let me show you the side by side comparison. the president wants $1.6 trillion in revenue and republicans want to cap the same deductions for the rich but republicans want to change the age to 67 and change the way they calculate social security payments. i wonder, though, when we look at these numbers, are we that far apart in. >> i think they are definitely rather far aare p
CNN
Dec 4, 2012 4:00am PST
put together a plan to move us towards some kind of deficit reduction package eventually evolved into the simpson-bowles commission plan. but the point i was making and i think the speaker is making is republicans have not come out here with some hardball, crazy off-the-table negotiation. what they have done is put something that bill clinton's former chief of staff at one time odd voe indicated for. and i think in the end that reflects that we are moving toward the potential compromise deal. >> he said -- >> i think i'm inappropriately in the middle here. i ought to be over there on the left. what bowles said yesterday was i was testifying before congress, and i described that as a midpoint between what republicans want and what democrats wanted. it was not what i would recommend. but i don't think that's even relevant. >> -- circumstances have changed since then. >> i don't even think that's relevant. i think the real question here and i think ron's right about this is are tax rates going to go up? yes, they're going to go up, because republicans are not going to have to vote f
FOX News
Dec 4, 2012 8:00am PST
balanced approach to reducing the deficit. here is a house republican on higher rates. >> republicans are willing to make sure we don't go over this fiscal cliff but at the same time don't harm this economy. what has to happen here if the president shows a little leadership we are willing to stay in the room and stay here and we are willing to get this done. that's why you saw a proposal that is raoeubl reasonable that meets his criteria. >> reporter: steny hoyer said in the next few days we will see substantive movement in private to get this done. jenna: we'll continue to watch the play-by-play, mike, thank you. jon: right now we are continuing to await a speech by former president george w. bush, the speakers are taking to the podium there to get ready to introduce the former president. he is set to address a conference there in dallas, where he will spotlight the positive impact of immigration on u.s. economic growth. this as the g.o.p. looks to attract more hiss to the party. meantime mr. bush's father, former president george h.w. bush is spending another day in the hospital bei
FOX News
Dec 5, 2012 5:00pm PST
with the 16 trillion-dollar debt that $1 trillion a year in deficit spending. we have to solve that. that thing is not going to solve itself. >> bill: doesn't feel like the president feels the urgency that you feel. you are one of the leaders of the republican party whether you want to be or not. there you are. so you find yourself now trying to get the republican party reorganized and back into the populist column. ain't going to be easy for you, senator. because you have got to be the senator from florida and at the same time try to resurrect this party. >> well, it's -- but i think the people of florida have the same ax sights as the people of our country. i'm informed by my own background and my own experience in life my parents worked in the service industry. and, yet, they were able to afford to buy a house they never gave us everything we wanted but we always had more than we needed thank god and thank this country. you know what? that's only going to be possible in the future if we have limited government and free enterprise. let's never forget that people come here from all
FOX News
Dec 5, 2012 6:00pm PST
obama's reckless deficits and his reckless debt. they were elected to stop the explosive growth of government. the republicans were elected and sent to washington to fight for limited government, balanced budgets, and of course, greater liberty for all the american people. at this moment it seems like they are only offering a democratic light version for america. maybe they need to learn a thing or two from president obama. maybe they need to show a willingness to go over the so-called fiscal cliff. now, if the president really wants to take the country there, maybe they need to let him go there. here's the bottom line. what are we hearing from the white house? we're hearing the president will not negotiate unless taxes are raised on job creators, and we're hearing that the president now wants to seize control of the debt ceiling from congress. well, that means rather than needing the approval of the house was the senate to raise the nation's spending limit, president barack obama wants to do this all by his lonesome, a blank check. >> if congress in any way suggests that they'r
MSNBC
Dec 6, 2012 9:00am PST
help in the push to reduce the deficit. the problem, stalled proposals to replace the expired program include billions of dollars in cuts to food stamps. the senate bill would shave $4.5 billion from the program over ten years. the house version would slash $16 billion over the same time period. the congressional budget office estimates the house bill would throw upwards of $3 million people off the food stamp roles and hundreds of thousands of children denied free school lunches. needless to say the cuts could not come at a worst time for recipients. as of august, 47 million people americans relied on food stamps to keep from going hungry up from 31 million just four years ago. joining me on set, the author of "the juice," and in the nation's capitol, cnbc's chief washington correspondent, john harwood. we have our sage of capitol hill luke russert on set here. you're holding it down in the nation's capital. in firms of the discussions of the fiscal cliff, the white house is focused solely on cuts for top earners. almost no discussion of unemployment insurance and payroll taxes, the
FOX News
Dec 6, 2012 3:00am PST
. not this president. when you look at the debt and deficits he run up. he run up more debt than all of the other presidents combined and maybe the republicans should let the president go ahead and sail off of the cliff and do it for the next generation. keep in mind, somebody may have to pay the bill it may be our children and our children's children. do we want to leave the country in better shape. >> gretchen: they will not have enough pennies in the piggy bank. moments ago kate middleton and prince william left the hospital. she was admitted on monday after suffering from acute morning sickness. kate was treated by the queens doctors. she is headed to kensington palace where she will rest for a extended time. the rogue nation of syria has begun mixing chemical weapons and loading them in to bombs. it is raising fears that president assad will use them on his own people. >> if he would drop the gas, it would kill 100,000 people immediately and in damascus a million people could be affected. it is very serious. >> gretchen: fox news learns that the military drawing up contingency plans in case
CBS
Dec 4, 2012 5:30pm PST
, pay cut contributions will go from 4.% to 6.2%, that's $115 billion a year that will go to deficit reduction instead of being pumped into the economy. heidi cherholts is an economist. >> it's less money for consumers to spend that means the demand for goods and services will drop. who provides goods and services? workers. so employment will fall. >> reporter: those in favor of allowing the tax cut to expire argue money for social security payments has to come from somewhere. with although mejia says that somewhere will mean doing without some of the basics. >> might be a pair of sneakers. might be that jacket that they want to go to school with in the winter. might be those pair of boots that they want to go and keep warm. >> reporter: for john mejia, the debate in washington is not about the federal budget it's about his family's. jim axelrod, cbs news, west new york, new jersey. >> pelley: well, a lot of families with tight budgets will be happy to hear this next story: the housing market is coming back. we got a report today that says home prices in october had their biggest gai
CBS
Dec 5, 2012 4:00am PST
contributions will go from 4.2% to 6.2%. that's $115 billion a year that would go to deficit reduction instead of being pumped into the economy. heidi sherholtz is an economist. >> it's less money for consumers to spend, that means that the demand for business services will drop, who provides goods and services, workers, so employment will fall. >> reporter: those in favor allowing the tax cuts to expire argue money for social security payments has to come from somewhere. although john says that somewhere will mean doing without some of the basics. >> might be a pair of sneakers. >> reporter: might be a jacket. might be those pair of boots that they want to go there and keep warm. >> for john the debate in washington is not about the federal budget it's about his family's. jim axelrod, cbs news, west new york, new jersey. >> early this morning a tentative deal was reached to end the strike that shut down this nation's largest port complex. workers are expected to return to work this morning. clerks at the ports of los angeles and long beach, california had been on strike for eight days. the de
MSNBC
Dec 5, 2012 2:30am PST
enough to fix the deficit. we'll break down what this means for negotiations ahead with our morning joe panel. but up next -- you never know who you'll see on a new york city subway. and for one kindly old lady, she literally did not know who she was seeing and sitting next to. we'll play her full conversation with jay-z when "way too early" comes right back. [ woman ] ring. ring. progresso. i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy broth mmm i can still see you. [ male announcer ] progresso. you gotta taste this soup. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. st
CNBC
Dec 5, 2012 6:00am EST
is a deficit hawk. liberal, but he is a deficit hawk. he doesn't say maybe if we can't get a deal together, maybe we'd be okay with the fiscal cliff. he says that is the best deal for everyone, the best deal for progressives, just to do it. to go back to the clinton era rates. you get rid of three quarters of the deficit just on tax increases at that point. >> and he says you get defense cuts. >> you can't get defense cuts any other way. and he's not the only one. there's a lot of people on the left and there's quite a few people on the right. i'm glad you're optimistic and a lot of ceos and guys in your position -- if you run a company, you don't need consumers petrified and business people petrified. this is the last thing we need if you run a company. i understand you have a horse in the game. >> but you also have the double trigger. if you go over the cliff, we've got the debt ceiling fight right afterwards. it's not like that's six months down the line. that's in if first month, six weeks of the new year. >> the other thing, depending on where you stand, the idea that we just get rid
MSNBC
Dec 6, 2012 3:00am PST
the business community views this deficit thing as the biggest problem that we can solve that we need to solve. there's something called a campaign to fix the debt, which i'm on the steering committee, 120 leading ceos from everything from general electric to jpmorgan on down. really committed to doing something and accepting the idea that revenues have to go up, not ideological about how, but most of all, wanting a big $4 trillion package. and so they have become, in effect, allies of the president. they're really trying to get to the same place. at some point there may be differences over how much entitlements, how much this or that, but right now their interests are aligned, and they both agreed to be friends again. and so they've spent a stream of business ceos into the white house. the president -- yesterday the business roundtable and gave a very warm and accommodating speech. and they are comrades in arms, the least for the time being. >> willie, what a big difference from what we heard from business leaders for the first four years. this is a pretty dramatic shift. >> or even just a fe
MSNBC
Dec 7, 2012 3:00am PST
% of the budget. and you're leaving the parts of the budget that blow a hole in the deficit and destroy this economy over the next 20 years. >> by the way, we won't go over the cliff for all the reasons we're talking about. even if we do, my friends on the street tell me, it's not a disaster. it's baked in. because we're going to get it done even after the fact. so you're talking about a few points in the market. >>> we're just moments away, joe and i will be removing -- >> oh, no! there it is! >> ow! >> it's all for a great cause. >> i don't know if it's that good. >> i don't know. is this going to be good television or kind of yucky? okay. we'll be right back. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ ♪
FOX News
Dec 7, 2012 8:00am PST
-dollar deficits for as far as the eye can see. listen, washington has got a spending problem not a revenue problem. if the president doesn't agree with our proposal i believe that he's got an obligation to families and small businesses to offer a plan of his own, a plan that can pass both chambers of the congress. we are ready and eager to talk to the president about such a plan. >> you did speak with the president earlier this week, can you characterize that call? did he have any kind of counter offer? also, we understand that he is making clear that it's got to be increase in rates for the wealthy or no deal. are you willing to give a little bit maybe not all the way to 39.6? >> the phone call was pleasant, just more of the same. the conversations that the staff had yesterday, just more of the same. it's time for the president, if he's serious, to come back to us with a counter offer. >> the jobs report today indicated unemployment is down roughly a full point from this time last year. a lot of folks in the business community say if no deal is going to happen it could obviously hurt american job
KRON
Dec 4, 2012 4:00am PST
. >> deficit gabor supplies is expected to make its final decision on the to dry banyan on nudity. plenty of people will be on hand today as a surprise meeting. and many will oppose the ban, a plan to strip down the meeting. it would not be the first time. last month the board initially approved the ban on nude with a narrow 65 vote. several people took off their clothes and protests. if the ban is finalized, it would take effect on february 1st. i was start on that-that at one under dollars and go up with each additional fence. >> this is a live picture of where the munies' in line goes on the ground. commuters please take note this morning we will be right back. bareback with national news at 4:25 a.m.. the proposal was rejected by the white house. it would reportedly shave one and two trillion out on the deficit over the next decade the proposal includes cuts from programs like medicare and pulsating star tax reform. in a statement white house official said the plan is a fair and balanced as the middle class with the bill. president obama has said any deal must raise taxes on the wealt
CSPAN
Dec 1, 2012 7:00pm EST
did not say al qaeda, iran, north korea, what he said was the deficit and the state of american society. i think that is exactly right. you can look at questions of the budget, and for structure, an immigration policy but above all this education policy. this is the future. we're not talking about our physical infrastructure. we are talking about our human infrastructure. joel has dedicated his recent phase of his creer to -- career to this. when he is not discovering the best restaurants in brooklyn, he is focused on improving the lot of young people in this country. >> it is supposed to be the other way around. >> i will tell you how kind and dedicated he has been to this issue. i called condie up and said i want you to do something for me and with me. she said i'm too busy, did not start. i said ok. i said before the end of this conversation, you will agree to what i asked you. she said no way. i said we at the council on foreign relations was spend time working on things like china and mexico and traditional foreign- policy issues, we have moved our agenda and are focused on
FOX News
Dec 7, 2012 4:00pm PST
the tax rate hike that he wanted, understand that we would continue to see trillion-dollar deficits for as far as as the eye can see. listen. washington has got a spending problem, not a revenue problem. >> and with the debt at $16 trillion and counting, boehner says the government cannot tax its way out oof this problem, shep. >> that's the fiscal cliff. now hurricane sandy and congress came up with some relief for folks who are still suffering, mike. >> that's right. president obama has asked congress for $64 billion in federal aid for new york, new jersey, and other states hammered by super storm sandy it would provide financial assistance to homeowners, businesses and local and state governments faced with the huge chore of cleaning up and rebuilding after the late october devastating storm. most new york and new jersey officials for the most part praised the request and asked congress to take quick action. speaker boehner's office says it has the paperwork and aides are reviewing it shep? >> shepard: good news. mike, turns out the super storm didn't effect the job market as muc
FOX News
Dec 8, 2012 11:00am PST
to solve the deficit problem. so, he knows eventually taxes are going to have to hit the middle class. a number of ways to do that, one is a vat tax, a carbon tax on energy and another is raising income rates on everyone, and if he can blame that on republicans, this might be the way to get na started. >> i'm going to have to disagree on the politics of what james says, dan. i think the president can't let that alternative minimum tax hit because the pressure from his own party and from senators up for reelection in 2014, the democrats, would be enormous. >> i kind of agree, james, i think that would be an achilles heel for the democrats, the third rail as we say, they don't want to go, i agree with you, paul, that the game here is to hang this on the republicans, and then pitch that forward, i've said this before, to those mid term elections. they want to bring the republicans down in the house and i think that's the strategy behind what's going on here. the idea that you're going to do all of these tax changes in two weeks before the end of the year? tax policy has never been writte
FOX News
Dec 2, 2012 3:00am PST
we have here, the real driver of budget deficits, the real threat to american economics, superiority in this world, out of control-- the president of the united states, the president for four yea years, no credible plan for tackling that spending. >> dave: there's been nothing put on paper when it comes to entitlements from the president one thing he's been afraid to do. now he's been reelected don't be afraid to face the voters. tack tackle entitlement and changes to survive. >> alisyn: isn't that the beauty of the second term. incumbency you're no longer bo ho holden to anyone. >> and that 1.6 trillion dollar. before 800 billion and now it's 1.6 trillion. maybe that's the second term speaking. >> alisyn: let's talk about what's going on with the christmas tree. as you know, it's christmas season and that means that there will be incidents where the p.c. police are out in force, checking and calling your tree, a holiday tree or a christmas tree and this has. this is brewing in massachusetts because the mayor of a small town, well, a city in massachusetts, a small river had invited r
CNN
Dec 5, 2012 2:00am PST
on the side. that was his look back in the day. critics are saying there is a deficit resemblance. i'll let you be the judge of that. this biopic has just been announced as the closing night film for the sundance film festival in january. it's calling the movie, quote, the true story of one of the greatest entrepreneurs in american history which chronicles the defining 30 years of steve jobs' life. it says it's, quote, candid, inspiring and personal. this is actually one of two movies coming out about steve jobs who died just a little over a year ago. aaron sorkin's writing a different movie based on the best-selling biography by walter isaackson. for now, ashton kuchar is the man and christine and zoraida, some people are questioning the casting of ashton as jobs. mostly because he's known for comedy. but you know, he's also famously tech savvy. he got out ahead of the curve on twitter. he now has 13 million followers plus. he's entrepreneurial, too, he has his own movie production company, all kinds of business ventures. maybe it's not so much of a stretch to see ashton as steve jobs. bac
NBC
Dec 6, 2012 7:00am EST
've been out there on the issue of how we fix our national deficit. as you well know, we face the fiscal cliff, a series of tax hikes and spending cuts that many people think if they go into effect will put the country into recession. yet we heard the treasury secretary tim geithner say the president is willing to see the country go off the fiscal cliff if republicans do not accede to his demands. >> it's probably pretty real. but you can't get to where we need to go by cutting spending, that won't cut it. you're going to destroy a fragile economy. you can't get there by taxing your way into it and you can't grow your way out of this. you have to have a blend. when you have leaders of parties and people from the administration saying i think it will be to the advantage of the democrats to go off the cliff or i think it will be advantage to the republicans to go off the cliff or the president to go off the cliff, that's like betting your country. there's stupidity involved in that. this is big-time stuff. >> let me ask you about a report that some republicans now are perhaps willing to se
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